The Fair Share Report
7 Eagle Rd
Washington, NJ 08012
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $400,804 – $466,483, from 12 comparable Washington sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Washington assessments sit below market value — republished every October, applied town-wide. A $435,436 home should be assessed near $258,693.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,693 below what the ratio math suggests (16.5%).
Step 4 · The tax rate — same for every Washington home
$2.183 Schools · 60% $0.691 County · 19% $0.790 Town · 22%
Step 5 · The bill
This home vs. every recent Washington sale · assessed ÷ market
40%74%
Paying about right
This home's ratio lands inside Washington's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 12 MULBERRY RD | 2024-12 | $405,000 | 1,909 | 50.8% |
| 1025 PUTNAM PL | 2026-03 | $425,000 | 1,953 | 50.0% |
| 4 RIVER BIRCH RD | 2026-06 | $479,000 | 1,844 | 48.4% |
| 8 ALTAIR CT | 2025-01 | $325,000 | 1,912 | 63.0% |
| 14 BELLS LAKE DR | 2025-09 | $460,000 | 1,896 | 42.8% |
| 73 BELLS LAKE DR | 2025-09 | $287,800 | 1,892 | 68.6% |
| 31 BENTLY DR | 2025-07 | $455,000 | 1,931 | 51.2% |
| 3 REGULUS DR | 2025-06 | $410,000 | 1,893 | 49.8% |
| 24 CASTOR CT | 2025-06 | $425,000 | 1,918 | 51.5% |
| 102 BRYANT RD | 2025-09 | $430,000 | 2,056 | 49.3% |
| 121 BOUND BROOK CT | 2026-03 | $470,000 | 1,842 | 50.6% |
| 120 CHATHAM RD | 2025-01 | $441,350 | 1,922 | 52.0% |
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